Spotify Stock Has 25% Upside, According to 1 Wall Street Analyst

Spotify Technology (NYSE: SPOT) investors had a terrific Tuesday, when a powerful first-quarter report helped to push the stock up 11%.

It didn't last.

On Wednesday, shares of the streaming music company slid by more than 7%, giving back more than half the gains they had gotten out of that upbeat earnings report. However, there's good news, too. According to Canaccord Genuity analyst Maria Ripps, Spotify stock is likely to make back its losses and surge higher again, hitting $370 a share within a year, an almost 25% upside from current levels.

Source Fool.com